Market Report

Median Sale Price up $20,000 over March 2017 17% of Sales are Closing Over Asking Price For Buyers: The percentage of seller concessions awarded to buyers has dropped down to 24% in the first quarter of 2018 after 2.5 years of consistently landing betw

MLS Sales Over $1M up 36% Inventory Under $150K Down 62% For Buyers: Buyers continue to have a tough time finding inventory on the low end of the market. New listings overall are down 9% year-to-date thus far, which doesn’t help matters. Compared to Fe

2017 MLS Sales up 6% over 2016 Over 50% of 2017 Sales Were in this Price Range…. For Buyers: 2018 is not going to be any less competitive for buyers in general. The market is starting out with 14% fewer listings compared to 2017, however there are 35%

23% of Listings Under $200K Sell Over List Price Greater Phoenix Appreciation 6.2% Overall, But Varies For Buyers: There are currently 1,399 normal* single family listings between $100K-$200K in Greater Phoenix and supply levels are not expected to ris

4th Quarter is Good for Buyers! Supply up 11% since August, Down 12% from 2016 For Buyers: The 4th quarter is a good time to be a buyer seasonally. After April or May, buyer activity gradually declines every month with the 4th quarter seeing the lowest

Market Summary for the Beginning of August Starting with the basic ARMLS numbers for August 1, 2017 and comparing them with August 1, 2016 for all areas & types: Active Listings (excluding UCB): 17,412 versus 19,711 last year – down 11.7% – and dow